Swiss Economy Stagnates in 2Q as Machinery Sales Drop

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Neil MacLucas ZURICH--Switzerland's economy stagnated in the second quarter, data released Tuesday showed. Moderate growth in consumer spending failed to offset the drag on machinery exports from sluggish demand in European markets. Gross domestic product in the three months ...

German Chemical Industry Association Cuts Full-Year Production Forecast

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Chase Gummer FRANKFURT--German Chemical Industry Association VCI on Tuesday cut its forecast for the year, as weak domestic demand and increasing geopolitical tensions led to a drop in chemical production in the second quarter compared with the first quarter. ...

Australian Home-Building Approvals Rise

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SYDNEY--The number of Australian home-building permits rose in July. Approvals to build or renovate houses and apartments gained 2.5% from June, the Australian Bureau of Statistics said Tuesday. From a year earlier, approvals rose 9.4%. Higher rates of housing construction ...

Narrowing Scottish Poll Hits Sterling -- Update

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Jason Douglas And Josie Cox LONDON--A new poll Tuesday showed a surge in support for Scottish independence, dramatically raising the stakes for Britain's leaders just weeks before Scots vote on whether to leave a 300-year-old union with the rest ...

MARKET SNAPSHOT: U.S. Stocks: Futures Climb Ahead Of ISM Data

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- U.S. stocks were poised to kick off September on a high note on Tuesday, with futures moving broadly up ahead of data expected to show healthy U.S. factory activity in August. Futures for ...

Australia 2nd Quarter Current Account Deficit Widens

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SYDNEY--Australia's current account deficit widened to a seasonally adjusted A$13.7 billion in the second quarter, the Australia Bureau of Statistics said Tuesday. The deficit for the first quarter was revised upwards to A$7.8 billion from A$5.7 billion, the ABS said. ...

South Korea Inflation at 1.4% in August

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SEOUL--South Korea's consumer price index rose 1.4% on the year in August, slower than the market expected, government data showed Tuesday. The August reading, below the median 1.5% increase forecast by economists surveyed by The Wall Street Journal, came after ...

MARKET SNAPSHOT: U.S. Stocks: Futures Climb Ahead Of ISM Data

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- U.S. stocks were poised to kick off September on a high note on Tuesday, with futures moving broadly up ahead of data expected to show healthy U.S. factory activity in August. Futures for ...

Weakened current account

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

Press release from Statistics Sweden 2014-09-02 9:30 AM Nr 2014:468 Balance of payments, 2nd quarter 2014: Weakened current account The surplus in the current account amounted to SEK 49 billion in the second quarter, which can be compared with the ...

Euro-Zone Producer Prices Resume Fall

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Paul Hannon Prices of goods leaving the euro zone's factory gates resumed their decline in July, an indication that the currency area will not soon escape a lengthening period of very low inflation that threatens to undermine its fragile ...

South Korea Inflation At 1.4% in August

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Kwanwoo Jun SEOUL--South Korea's consumer price index rose 1.4% on the year in August, slower than the market expected, government data showed Tuesday. The August reading, below the median 1.5% increase forecast by economists surveyed by The Wall Street ...

Australian Home-Building Approvals Rise

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--The number of Australian home-building permits rose in July. Approvals to build or renovate houses and apartments gained 2.5% from June, the Australian Bureau of Statistics said Tuesday. From a year earlier, approvals rose 9.4%. Higher rates ...

Oil Steady, Global Tensions Stem Further Price Drop

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Eric Yep Crude-oil futures were little changed in Asian trade Tuesday with Brent almost flat as tensions in Ukraine and the Middle East stemmed further losses in oil prices. On the New York Mercantile Exchange, light, sweet crude futures ...

MARKET SNAPSHOT: Why September May Slow Further S&P Records

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Wallace Witkowski, MarketWatch SAN FRANCISCO (MarketWatch) -- September has recently started shedding its reputation as one of the worst stock market months of the year, but strategists note the psychological pressure of big round numbers in the S&P; 500 ...

CURRENCIES: Dollar Climbs Against Yen On Japan Reform Hopes

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Hiroyuki Kachi The dollar climbed 0.5% against the yen in Asia trade Tuesday, fueled by a surge in stock-buying sentiment as hopes grew that Japan's Prime Minister Shinzo Abe will unveil a new cabinet lineup seeking a more aggressive ...

U.S. Dollar Surges Against Euro, Yen

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

The U.S. dollar jumped to long-term highs against the euro and yen Tuesday, accelerating a two-month rally on expectations that U.S. monetary stimulus is near an end as Europe and Japan press ahead with their own. The dollar climbed to ...

Australia 2Q Current Account Deficit Widens

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--Australia's current account deficit widened to a seasonally adjusted A$13.7 billion in the second quarter, the Australia Bureau of Statistics said Tuesday. The deficit for the first quarter was revised upwards to A$7.8 billion from A$5.7 billion, ...

Australia Central Bank Holds Interest Rates Steady

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By James Glynn SYDNEY--Australia's central bank left its benchmark interest rate at a record low for a 13th-straight month Tuesday, after predicting slower-than-average growth ahead as the nation's mining boom slows and its currency remains strong. The Reserve Bank of ...